Philabundance Health Benefit Trust

“Effective january 1, 2024, the plan entered into an agreement with meritain health, inc (the "provider") as the claim administrator. Payment by the plan to the provider are based upon the amount of claims paid by the provider during the preceding month plus a claim' administration charge.”

“Finance committee reviews and approves the form 990. Wil torres, interim cfo will include in agenda after finance committee's review and approval.”

“The conflict of interest policy applies to current and prospective employees, independent contractors, and persons acting on behalf of the organization, i.e., board members. For non-board members, any conflict of interest, potential conflict of interest, or the appearance of a conflict of interest is reported to the executive director/ceo and/or the head of human resources. Senior management has the final responsibility of resolving non-board member conflicts. For board member conflicts, the minutes of the governing board and all committees with signatory authority shall contain: (1) the names of the persons who disclosed or otherwise were found to have an actual or possible conflict of interest, the nature of the conflict of interest, any action taken to determine whether a conflict of interest was present, and the governing board's or committee's decision as to whether a conflict of interest in fact existed; and (2) the names of the persons who were present for discussions and votes relating to the transaction or arrangement that presents a possible conflict of interest, the content of the discussion, including any alternatives to the transaction or arrangement, and a record of any votes taken in connection with the proceedings. At a minimum, annual disclosure of actual or potential conflicts is required.”

“Compensation for the top management official is reviewed and approved by the board. In addition, the compensation review process includes the use of comparability data and requires contemporaneous substantiation of both the deliberation and the final decision. At this time the organization does not have any employees that meet the internal revenue service definition of key employee.”

“The organization makes its financial statements and governing documents available to the public upon request.”

“The board of trustees assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed.”